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  #1  
Old 12-30-2016, 12:44 PM
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Default How many of you buy silver or gold to stockpile

had a friend once a while back tell me that i should invest money in precious metals such as silver and gold.
so how many of you do it and why? and also where do you buy your metals and what do you buy? coins, bars etc?

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Old 12-30-2016, 01:43 PM
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I've been putting most of my savings in bullion and coins for about ten years. It keeps value as cash goes down by inflation. I started when gold was 700 per oz. Now is a really good time to buy. Prices went down significantly after the election. I've bought online and in person, just go with well established businesses. Research before you buy, know weights, diameters, coin details,etc. Have them weigh the units in front of you, or if you buy online, go to a jeweler to weigh. If they have the tools to measure diameters and thicknesses do that too, or buy them yourself. Only buy government issued one oz units, there is much more potential for fakes with bigger units.
I found some very good deals on gold numismatic coins by getting to know owners at small coin shops, way under standard prices.
I've sold a couple units of gold in different shops over the years during hard times, so I know it is convertible back to cash if needed.

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Old 12-31-2016, 06:50 AM
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Silver and gold are lousy investments. If you've bought over the past five years, and sold today, you've lost a lot of money, as opposed to terrific gains that could have been made playing the stock market.

The metals are a hedge, or insurance, a safe-haven against fiat currencies that all except for one, are in the tank. Currently, strength is in the dollar. Not sure if buying a lot right now is a great idea, as I see prices on PM's going even lower. They say buying the market dips, or dollar cost averaging are the kiss of death, and that one should wait for a solid upswing in prices, to buy.

Last, many buyers like to keep their purchases confidential, so they go with the LCS, as opposed to online bullion dealers that keep records of customers, that could be turned over to govt depts at any time.

This is my 2c on the subject.

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Old 12-31-2016, 08:03 AM
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As Detectorists, we naturally gravitate towards PM's...Theres a lot of History available regarding the change over to paper, gold confiscation, etc...Now we are in a digital financial world...Hardly anyone alive can tell you what a Mercury dime is, and have never held one...You can do a little test in your daily life by asking people whats an oz of silver worth? They will not know...so its a limited market.

But, Silver/gold coinage has stood the test of time as opposed to fiat crashes, and thats the 'selling' point people are trying to convince you of...

Its not a bad idea to get a hold of a little just for your interest in coins/history. might be a better 'investment to get a hold of some gold jewelry items that can always be traded and are safe from a confiscation/outlaw kind of deal....nice little 4gr 14ks are a steady $100 no matter what the melt price is...

The good thing for us is, if things got really bad, financial collapse kind of deal, at least we can always go out and find some..!
Mud

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Old 12-31-2016, 12:47 PM
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Originally Posted by luked View post
had a friend once a while back tell me that i should invest money in precious metals such as silver and gold.
so how many of you do it and why? and also where do you buy your metals and what do you buy? coins, bars etc?
Other than what I have found detecting, I don't invest in precious metals, I only invest in dividend paying US stocks from high-quality companies.

Didn't do too badly this year, my investments finished the year with a total return of 15.3%

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Old 12-31-2016, 05:26 PM
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Originally Posted by Rudy View post
Other than what I have found detecting, I don't invest in precious metals, I only invest in dividend paying US stocks from high-quality companies.

Didn't do too badly this year, my investments finished the year with a total return of 15.3%
15% return FTY? Nice. That's hard to do with interest rates as non-existent as they are. Good Goin'.

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Old 12-31-2016, 06:23 PM
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Originally Posted by Laxsaltman View post
15% return FTY? Nice. That's hard to do with interest rates as non-existent as they are. Good Goin'.
Thanks. Yes it wasn't too shabby for the year. It is however a bit of work to manage the portfolio and keep abreast of what is happening to each company.

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Old 12-31-2016, 08:22 PM
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Originally Posted by Rudy View post
Thanks. Yes it wasn't too shabby for the year. It is however a bit of work to manage the portfolio and keep abreast of what is happening to each company.
Yep,know what ya mean. I manage,balance etc. my own company 401(k),but with the household investments,trusts,IRAs,college funds,etc., I pay a professional. I'm not educated in the trade enough for all the minutae that goes into that stuff.

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Since 8-1-2012 PM+Coins- $3025.63 :: 199 wheats,138 silver,23 gold ::2017 - $358.13
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  #9  
Old 01-01-2017, 08:09 AM
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I don't look at, or manage my 401k that much. I just checked and my return this year has averaged 29.42%. I may be nuts but I'm vested 100% in my company's stock and have been since 2006. My annual return since then has been just under 10%.

Still, my 401k, like my bank savings account, is nothing but digitized numbers in a database. It could all disappear at any time. Unlike PM's. 'If you don't hold it, you don't own it.'

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  #10  
Old 01-05-2017, 11:45 PM
sandollars sandollars is offline
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Originally Posted by Laxsaltman View post
15% return FTY? Nice. That's hard to do with interest rates as non-existent as they are. Good Goin'.
Not really... Invest in what you know. I am running a 23.7 ROI in my stock investments this year.

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  #11  
Old 01-12-2017, 12:45 AM
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KT does not "invest" in PMs, but what His Majesty can get hold of, by inheritance, CRHing, and MDing, He hoards. Only sold any PMs one time, when both Au and Ag were high, and used the money to purchase MDs for the chance of finding more! HA HA

KT has purchased some silver dollars, just to pass them on to Prince John. 80 and counting at this point. Looking to obtain another 20 to make an even 100 in the Royal Treasure Box..

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  #12  
Old 01-12-2017, 01:16 PM
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You should be able to build-ya a cool throne with all that silver you find. I'm happy when I find one in the ground every six weeks or so.

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Since 8-1-2012 PM+Coins- $3025.63 :: 199 wheats,138 silver,23 gold ::2017 - $358.13
:: 57 wheats ,23 silvers ,3 gold :: 1887 Seated Dime :: 1891 DR 5 Centavos :: 1855 Fr. Empire 5 Centimes.

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  #13  
Old 03-31-2017, 02:09 AM
zeemang zeemang is offline
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If by a while back you mean in the 1980's it would have been a great idea, if by a while back you mean a few years ago it would have been a terrible idea...
And no, i never buy, only sell.

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